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3 Results from 2023

Inna Demchenko

Inna Demchenko Head of project at Bank

Open banking in Ukraine: a new stage

Ukraine has moved to a new stage in the process of implementing open banking, as on 11 August the National Bank of Ukraine (NBU) published on its official website the approved Open Banking Concept and the introduction plan. The regulator's experts worked on the document jointly with working groups of market participants, including banks, non-bank f...

/retail Open Banking

Inna Demchenko

Inna Demchenko Head of project at Bank

How to reduce digital onboarding risks

The implementation of remote identification and the ability to become a new customer without physically visiting a branch revolutionized banking services. In Europe this process remained mostly hybrid and involved only online ordering of a card, but with a mandatory visit to a branch to sign documents upon card receipt. At the same time in Ukraine ...

/retail /identity Digital Identity Management

Inna Demchenko

Inna Demchenko Head of project at Bank

Do Banks Still Need Branches?

The number of bank branches in Ukraine and Europe is rapidly decreasing, so from 2008 to 2022, the number of branches in the EU decreased by 39%, from 225 thousand to 134 thousand, while in Ukraine during the same period the number of branches decreased more than 4 times, from 21 thousand to 5.5 thousand subdivisions as of the end of 2022. Accordi...

/retail Banking Strategy, Digital and Transformation

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